The company's announcement that it would cut 17% of its global workforce added $2.6 billion to the streaming giant's market capitalization.
The Billboard Global Music Index dropped 0.2% to 1,449.08, bringing its year-to-date gain to 24.1%.
The Billboard Global Music Index gained 2.6% this week, bringing the year-to-date gain to 22.1%.
The Billboard Global Music Index declined 0.3% to 1,390.68, lowering its year-to-date gain to 19.1%.
The Billboard Global Music Index improved 6.9% this week as 18 of the 20 stocks posted gains.
The 21-stock Billboard Global Music Index declined 0.7% to 1,304.74, dropping its year-to-date gain to 11.7%.
The Billboard Global Music Index fell 3.1% to 1,313.44, lowering its year-to-date gain to 12.5%.
The Billboard Global Music Index dropped 1.5% to 1,355.65 this week, bringing its year-to-date gain to 16.1%.
Sphere, Live Nation and CTS Eventim saw the biggest gains on the Billboard Global Music Index, which rose 2.1% to 1,373.62.
The company's stock ended the week at $4.52 while the overall Billboard Global Music Index gained 1.1% for a year-to-date improvement of 15.2%.
